Best Banks in Developed Markets, 2009

The Global Finance magazine has announced this year’s winners for the best banks in 24 developed countries. Ireland and Iceland were left out from this contest.

As per the editors of this magazine:

The winners of this year’s awards are those banks that attended carefully to their customers’ needs in difficult markets and accomplished better results while laying the foundations for future success.

The selection of these banks were selected based on both objective and subjective factors.

The Objective factors used were:

• Growth in assets
• Profitability
• Geographic reach
• Strategic relationships
• New business development
• Innovation in products

The Subjective factors used were the opinions of:

• Equity analysts
• Credit rating analysts
• Banking consultants
• Others involved in the industry

The Best Banks in the Developed Markets for 2009 are listed below. If the bank trades in the U.S., the ticker and current yield are shown.

A) North America

• Bermuda - Butterfield Bank
• Canada - Scotiabank (BNS), Current Yield: 8.06%
• United States - J.P. Morgan Chase (JPM), Current Yield: 7.64%

B) Europe

• Austria - Bank Austria
• Belgium - KBC Group
• Denmark - Danske Bank (DNSKY.PK), Current Yield: 26.14%
• Finland - Pohjola Bank
• France - BNP Paribas (BNPQY.PK), Current Yield: 17.57%
• Germany - Commerzbank (CRZBY.PK), Current Yield: 42.09%
• Greece - Eurobank EFG
• Italy - Intesa Sanpaolo (ISNPY.PK), Current Yield: 25.54%
• Luxembourg - Banque et Caisse d’Epargne de l’Etat
• Netherlands - Rabobank
• Norway - DnB Nor
• Portugal - Banco Espirito Santo
• Spain - Santander (STD), Current Yield: 20.90%
• Sweden - Handelsbanken
• Switzerland - Credit Suisse (CS), Current Yield: 9.98%
• United Kingdom - HSBC (HBC), Current Yield: 10.44%

C) Asia/Pacific and Middle East

• Australia - Commonwealth Bank of Australia
• Hong Kong - HSBC (HBC), Current Yield: 10.44%
• Israel - Mizrahi Tefahot Bank
• Japan - Resona Holdings
• Singapore - United Overseas Bank (UOVEY.PK), Current Yield: 4.26%

The original press release from Global Finance magazine can be found here.

Disclosure: Long BNS, STD, DNSKY.PK.

Comments

[cubanstockp...:]

STD bought ABN Amro, are you nuts? HSBC got into the mortgage mess really late and loved the ugly deals, bnecause they had been wanting to play and did at the peak. Again I ask, are you nuts?

Mar 03 10:14 AM